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Sunday, November 13, 2005
Market Recap
It was a very thin volume trading day on Friday with the Veteran's holiday. Traders took off early to start the weekend and the trading was rather quiet for most of the afternoon. Nevertheless, the indices were able to tack on gains. The Dow was up 46 points while the Nasdaq and S&P gained 6 and 4 points respectively. Last week, quite a few of our bulletin stocks made nice advances. Many hit the buy points listed and kept on going up for nice gains. Just Friday alone WIRE, WBSN, SWIR and NWRE blew right through our listed buy points and made nice gains.
STHQ Portfolio
The STHQ portfolio is 100% long right now, so taking additional positions would put us on margin. It is likely we will go on margin at some point, but with the market still in a potential resistance area, it would not be practical to do so while expecting a slight pullback. Even though there have been no alerts on these plays, we hope some of you who are not yet 100% long are taking advantage of these buy points we are listing in our bulletin comments. We are looking hard and long at the three losing positions which we have to consider if selling them now would be a move. NTES and HGSI have bottomed and look to be trying to make a move higher. FTO is a company that should rise again if oil prices go back up. With the price of oil now at its 200 SMA, it seems likely it will bounce on that level and head higher. If so, all oil stocks including FTO will rise as well.
The Trade Gaps
Everyone enjoys seeing a position they own gap in their favor the next trading day. The gap up (or down if we are short) is what we live for. They are hard to predict, but when a gap happens and you are on the right side of it, life is great! Not so good when they gap against you. We have had a couple of stocks that have gapped the wrong way on us: HGSI and NTES. Stocks that suddenly release bad news and completely destroy a beautiful chart can often be a real heartache. We just spoke last week about separate portfolios. The reason behind this is really two-fold.
When you have a long term portfolio, you do not have to focus on every move the stock makes. You set up stops based on long term data such as the 200 SMA and other longer term trend lines and indicators, and you do not worry about the occasional fluctuation in a stock. Your short term portfolio is where your short term focus should be. We have to watch these stocks like a hawk. It is here where gaps matter the most.
This is one type of gap you need to be aware of, but there is also another that some do not seem to care much about but should. It is the trade gap.
http://money.cnn.com/2005/11/10/news/economy/trade...
The trade gap represents the difference between goods we export as a nation versus those we import. When this gets out of balance, we import far more goods and services than we export. As this gap widens, it represents a collective shift in the production and economic conditions that make up our gross domestic product (GDP).
The Global Economy
There are economists who will argue this number is vital to the strength of the U.S. economy. But a closer look reveals that this can be an artificial number with little real meaning anymore. Why? Because there are plants in the U.S. that manufacture every make and model of foreign automobiles and other products that are staffed by U.S. workers who bring home paychecks at the end of the week working to produce these products. We build cars, electronics, household goods, etc that have a foreign name attached to them that are made in this country. This is the true age of a global economy.
There was a time when it was clear that we were importing goods manufactured overseas. The Asian nations, like Japan, simply beat the pants off the U.S. competition. They were bringing goods to market that were superior in quality, while still priced below their U.S. equivalents. Purists will still tell you this is true. They would rather buy a car that was 100% manufactured in a given nation, using parts manufactured in that nation, by workers of that nation. Let's face it; the U.S. economy is very important to us of course but even more important than that is the GLOBAL economy.
Stockcharts listing
Please vote for us once a day at Stockcharts.com.
http://stockcharts.com/def/servlet/Favorites.CServ...
Thank you all for voting
STHQ Chart Index
If you go to the chart index in the left side menu, you can review and study charts we have annotated for each stock listed in the past.
Earnings Calendar
We have added the earnings link for each stock on the bulletin. To access the link for earnings you can either use this link below or click the link on the bulletin for the corresponding ticker. Click the online bulletin in the left side menu for access to the earning calendar for each stock listed. It is not recommended to hold a position through earnings. You can always buy the stock back after the dust settles.
http://www.earnings.com
For New Members:
For all the new members with us, please make sure to read the link “How to use Bulletin” at the bottom of the Bulletin page on the website. It is critical you know how to use this trading tool before trying to trade the stocks mentioned. The effectiveness of your trades will diminish if you do not completely understand how the information is presented. |
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